MOSL: Morning India (13/September/21): 1. Hindustan Unilever (Longer term growth engines robust); 2. AGIC: CEO Track Takeaways (1. EY India; 2. Dr Lal PathLabs; 3. Angel Investor & Entrepreneur); 3. Telecom; 4.
MOrning India (13/September/21): 1. Hindustan Unilever (Longer term growth engines robust); 2. AGIC: CEO Track Takeaways (1. EY India; 2. Dr Lal PathLabs; 3. Angel Investor & Entrepreneur); 3. Telecom; 4. EcoScope
Today’s top research idea
Hindustan Unilever: Longer term growth engines robust
- Hindustan Unilever's Annual Investor Meet once again underlined the immense moats the company has and the remarkable nimbleness it has exhibited and continues to exhibit despite being much larger than peers.
- There have been a host of initiatives in the past year focusing on the burgeoning E-Commerce market, which now contributes 8-9% to HUVR's sales. Winning in Many Indias has been a key factor driving volume growth and market share gains for the company in recent years.
- The demand outlook is healthy as good rural growth in recent quarters would be sustained by good kharif sowing and recovery in the urban markets post the lockdown impact in 1QFY22. Commodity costs, while still elevated, have remained stable on a sequential basis, improving the margin outlook, especially with further price increases taken in 2QFY22.
Piping hot news
India expected to grow 10% during current fiscal: NCAER Director General Poonam Gupta
The Indian economy is expected to grow around 10 per cent during the current financial year on the likelihood of fewer COVID-19-linked supply disruptions and buoyancy in the global economy, said Poonam Gupta, director general of economic think-tank NCAER. The real challenge, however, would be to sustain a growth rate of 7-8 per cent in years to come, she said. "We could see annual growth in the ballpark range of about 10 per cent. The reasons for this perceived optimism are: fewer supply disruptions; increased pent-up demand in the traditional and contact-intensive services; and a buoyant global economy.
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